Making money for business: Currencies, profit, and long-term

As long as businesses are focused on short-term profits, chances of long-term sustainability are minimal. And inevitably, everyday people will end up paying for a failure in sustainable development. In contrast, the Terra, with its demurrage feature, would make long-term thinking profitable and, therefore, long-term sustainability more likely. Indeed, the demurrage feature of the Terra would provide a systematic financial motivation to realign financial interests with long-term concerns, in direct contrast to what happens today with conventional national currencies. The discount rate for conventional national currencies results in part from the positive interest rates charged on the debt-based issuance of the money itself. The discounting of the future with a positive interest rate systematically emphasizes short-term gains at the expense of long-term benefits. The same tr...